Olivia is an investment banker. She owns her own home and has decided to invest in the property market. As this would be her first personal property investment, she hired a property broker to assist her in finding a suitable investment property. The broker charged her a fixed fee of $11,000 upfront for his assistance. Olivia also attended a two-day course on successful property investment. The course cost $3,300. The broker has found a suitable investment and Olivia borrowed the funds from her bank to purchase the investment property. She used her own home as security for the loan. The purchase is for a vacant block of land and Olivia will build two homes on the land and sell them for a profit (hopefully) in two years.

Advise Olivia as to the deductibility of the fee to the property broker, course fees, and the interest charges to the bank.